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But pay day loans cause deterioration in customer creditworthiness

But pay day loans cause deterioration in customer creditworthiness

Summary

making use of a data that is unique comprising near all U.K. cash advance applications in 2012–13, coupled with consumer credit files, we estimate the effect of cash advance use on customers in the margin of firm financing choices. We use an RD research design that exploits lender-specific credit history discontinuities.

We discover that pay day loan usage causes customers to try to get extra charge card and individual loan credit within half a year after cash advance acceptance. […]

By |April 7th, 2021|rise credit loans best online payday loans|0 Comments
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